Development of Hudson Yards set to being in 2012: A.M. News Links

Associated Press PhotoLong Island Rail Road's storage yard is shown on Manhattan's west side, Tuesday, Nov. 1, 2011 in New York. Developers are scheduled to build more than 10 million square feet of apartments, office towers, shops and a public school over the railyards on the West Side waterfront. Construction is to begin in 2012.

Late in his first term, Mayor Michael R. Bloomberg
suffered a stinging defeat when, after an extensive planning and public
relations effort, New York City lost its bid to host the 2012 Summer
Olympics.

Now, though, a vibrant neighborhood is rising in the area where the
Olympic stadium and complex would have stood on the Far West Side of Manhattan.
As a result, officials, developers and urban planners are embracing an
unlikely notion: the Olympic bid's defeat may have been one of the best
things to happen for the city's growth in recent memory.